Shares bounce back ahead of inflation release
MANILA, Philippines — The local stock market bounced back after dropping two straight sessions as investors hunted for bargain stocks.
The Philippine Stock Exchange index climbed by 1.26 percent or 70.75 points to 5,694.92.
The broader All Shares index also advanced by 0.80 percent or 25.31 points, finishing at 3,185.15.
AP Securities said Philippine shares rebounded ahead of today’s inflation release, with the Bangko Sentral ng Pilipinas (BSP) projecting October inflation at 7.1 to 8.1 percent.
It said the benchmark index stayed above its previous close throughout yesterday’s session and even tested 5,700 in the afternoon trading.
Luis Limlingan of Regina Capital attributed yesterday’s technical rebound on the emergence of bargain hunting across select index heavyweights following recent market weakness.
Limlingan said positioning ahead of the upcoming inflation print supported investor sentiment, as market participants await further indications of the country’s inflation trajectory and its potential implications for the BSP’s monetary policy direction.
Sectors were mixed, with financials posting the biggest gain at 3.82 percent, while holding firms lost the most at 1.07 percent.
Total value turnover improved to P6.95 billion from the previous day’s P5.27 billion.
Decliners edged out advancers, 97 to 94, while 61 issues did not change hands.
ICTSI was the session’s most actively traded stock, rising by 2.28 percent to P830 per share. It was followed by BDO Unibank, which surged by 2.27 percent to P121.90, and Globe Telecom, which fell by 1.96 percent to P1,500.
abtestabtest Malampaya Phase 4 achieves first gas delivery By Alyana Uy | 11 hours ago Phase 4 of the Malampaya Project reached its first gas milestone, marking the official connection of two new wells near Palawan... Business Fuel, transport costs push inflation to 7.8% in October 2026 By Alyana Uy | 15 hours ago The PSA reported that headline inflation accelerated to 7.8% in October, marking the highest figure since February 2023, when... Business Ayala Land builds resilience as recurring income gains ground 9 hours ago Ayala Land Inc. is strengthening its recurring-income businesses as a growing source of stability amid economic headwinds... Business ASEAN Summit and international trade By Bienvenido Oplas Jr. | 1 day ago The ASEAN Summit and Related Summit meetings of heads of state, presidents and prime ministers of some 20 countries, is fast... Business What NGCP loses in failed Maharlika deal By Brix Lelis | 1 day ago The collapse of what was billed as the sovereign wealth fund’s maiden investment leaves the National Grid Corp. of the... Business Latest More in Business Metrobank profit hits P36.3 billion in 9 months Former MWSS chief named new Maynilad president/CEO Firm sending Pinoys for AI training in US Business expectations abtest Globe backs new DICT chief’s priority agenda By Elijah Felice Rosales | 2 hours ago Globe Telecom Inc. is ready to support the priority agenda of the new chief of the Department of Information and Communications Technology (DICT), particularly on raising network reach and security guardrails. ... Business Chinabank earnings rise 12% to P22.6 billion By Keisha Ta-Asan | 2 hours ago China Banking Corp. posted a 12-percent increase in net income to P22.6 billion in the first nine months, driven by stronger... Business Staying home By Marianne Go | 2 hours ago Bad news for the travel and tourism sector: Filipinos are staying home. Business Maharlika to miss P35-billion investment target for 2026 By Keisha Ta-Asan | 2 hours ago State-run Maharlika Investment Corp.expects to miss its P35-billion investment target for 2026 after putting a proposed power transmission deal on hold and deploying no fresh capital in the third quarter. Business ALI income drops as revenue weakens By Richmond Mercurio | 2 hours ago Property giant Ayala Land Inc. saw its earnings drop in the first nine months as prevailing headwinds dampened revenues.... Business Recommended Bank records ni VP Sara, hindi magigiba ng defense panel November 5, 2026 - 12:00am Hindi umano makakayang gibain ng defense team ni Vice President Sara Duterte ang bank records nito na bahagi ng hindi maipaliwanag na paglobo ng kanyang kayamanan kaugnay ng pagpapatuloy muli ng paglilitis sa Senate...r BusinessSARA DUTERTE Bank records ni VP Sara, hindi magigiba ng defense panel 2 days ago Hindi umano makakayang gibain ng defense team ni Vice President Sara Duterte ang bank records nito na bahagi ng hindi maipaliwanag... BusinessSARA DUTERTE Pagpatay sa ‘environmental defenders’, paiimbestigahan sa Senado November 3, 2026 - 12:00am Pinasisiyasat ni Senador Jinggoy Ejercito Estrada sa Senado ang patuloy na pagpatay sa mga tagapagtanggol ng kapaligiran sa bansa kasunod ng ulat ng Global Witness na nagbansag sa Pilipinas na pinakamapanganib...r BusinessSENATE Lacson: 2027 national budget ‘pupurgahin’ sa pork 4 days ago Sinabi kahapon ni Sen. Panfilo “Ping” Lacson na buo ang suporta ng mayorya ng Senado sa pagsisikap ni Senate Finance... BusinessPANFILO “PING” LACSON UAE-PH partnership oil facility isinusulong sa Senado November 2, 2026 - 12:00am Isinusulong ni Senador Erwin Tulfo, Chairman ng Senate Energy Committee, ang pakikipag-ugnayan sa United Arab Emirates sa pamamagitan ng Abu Dhabi National Oil Company upang mas patatagin ang suplay ng...r BusinessUAE next Recommended Bank records ni VP Sara, hindi magigiba ng defense panel Hindi umano makakayang gibain ng defense team ni Vice President Sara Duterte ang bank records nito na bahagi ng hindi maipaliwanag na paglobo ng kanyang kayamanan kaugnay ng pagpapatuloy muli ng paglilitis sa Senate impeachment court sa susunod na linggo. 1 day ago SARA DUTERTE Bank records ni VP Sara, hindi magigiba ng defense panel Hindi umano makakayang gibain ng defense team ni Vice President Sara Duterte ang bank records nito na bahagi ng hindi maipaliwanag na paglobo ng kanyang kayamanan kaugnay ng pagpapatuloy muli ng paglilitis sa Senate impeachment court sa susunod na linggo. 2 days ago SARA DUTERTE Pagpatay sa ‘environmental defenders’, paiimbestigahan sa Senado Pinasisiyasat ni Senador Jinggoy Ejercito Estrada sa Senado ang patuloy na pagpatay sa mga tagapagtanggol ng kapaligiran sa bansa kasunod ng ulat ng Global Witness na nagbansag sa Pilipinas na pinakamapanganib na bansa sa Asya para sa mga naninindigan at nagtatanggol ng kanilang mga lupain, likas na yaman, at mga komunidad sa loob ng 13 magkakasunod na taon. 3 days ago SENATE Lacson: 2027 national budget ‘pupurgahin’ sa pork Sinabi kahapon ni Sen. Panfilo “Ping” Lacson na buo ang suporta ng mayorya ng Senado sa pagsisikap ni Senate Finance Committee Chairman Jose Victor “JV” Ejercito na alisin sa panukalang pambansang budget para sa 2027 ang mga “unwarranted, whimsical, and corruption-prone items” at “all means all” ang kanilang pagsusuri. 4 days ago PANFILO “PING” LACSON UAE-PH partnership oil facility isinusulong sa Senado Isinusulong ni Senador Erwin Tulfo, Chairman ng Senate Energy Committee, ang pakikipag-ugnayan sa United Arab Emirates sa pamamagitan ng Abu Dhabi National Oil Company upang mas patatagin ang suplay ng langis at kuryente sa bansa. 4 days ago UAE OK Are you sure you want to log out? Yes No X Login Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!
